Partner voices: blogs, opinions, and analysis
Over the past few years, there has been a groundswell of support for carbon pricing - not only by governments, but increasingly by the private sector. As of 2017, almost 1400 companies worldwide are embedding an internal carbon price into their business strategies, up from 140 in 2014.
Building on this theme, Carbon Pricing Leadership Coalition (CPLC) and its partners, World Resources Institute (WRI), CDP, and International Finance Corporation (IFC) joined forces with The Energy and Resources Institute (TERI) to convene a private sector roundtable in the margins of the first International Research Conference on Carbon Pricing on February 14-15, 2019 in New Delhi, India.
Learn more about the key takeaways from the discussion.
The Energy Innovation and Carbon Dividend Act puts a price on carbon-emitting fuels, at the source, and delivers all revenues to households as monthly dividends. With a steadily rising fee and steadily rising dividends, the plan sends a clear, predictable price signal to producers and is projected to reduce greenhouse gas emissions 90 percent by 2050.
Opponents of carbon pollution pricing have had a busy year, incessantly warning of the severe economic damage such policies will purportedly cause.
Thankfully, proponents of clean growth have had a busy year too. Alberta wrapped up its consultation process on output-based allocations for large industrial emitters, Manitoba and Nova Scotia announced new carbon pricing systems, and the federal government took steps to implement a pan-Canadian backstop for carbon pricing.
The George Washington University, as a member of the CPLC, offers a unique graduate-level program in GHG Management. And it’s available online so you can earn your Certificate in GHG Management regardless of your location. In four online semester-length courses world experts offer comprehensive hands-on training that prepares you to begin your GHG management career immediately. And you can complete the program in less than one year.
Climate discussions like those we’ve just been seeing at the UN summit in Katowice, Poland tend to focus on working together to deliver existing climate commitments and raising ambition—getting countries to reduce more GHG emissions, faster. But there’s an equally important issue that gets far less attention: ensuring climate action is delivered in a way that doesn’t leave anyone behind, particularly the world’s most vulnerable people.
See Helen Mountford and Molly McGregors’ latest blog post on how carbon pricing can benefit the poor and reduce emissions.
Carbon pricing in the news
UN Climate Change News, Accra, 20 March 2019 – Africa Climate Week in Accra, Ghana, got firmly underway this morning with the commencement of the high-level segment at the capital’s Convention Center. The overriding message being heard at this Regional Climate Week is that a ‘bright and happy future’ will be largely compromised without the proper financing, which also needs to be de-risked to encourage flows of finance to the 54 African nations. There are some positive signals: the World Bank Group last week announced $22.5 billion over 2021-2025 in climate support in Africa – a commitment which acted as a precursor to their co-hosting of a ‘Carbon Pricing Day’ on the margins of the Africa Climate Week, highlighting how innovative policies and programs can mobilize climate investments, drive social benefits, and reduce carbon pollutions.
Launched in May 2017, the Carbon Pricing Dashboard is an interactive online platform that provides up-to-date information on existing and emerging carbon pricing initiatives around the world.
Change in numbers as of February 1, 2019:
46 national jurisdictions and 28 subnational jurisdictions are putting a price on carbon.
57 carbon pricing initiatives are implemented or scheduled for implementation
High-Level Assembly | April 11 | 13:00-14:30 | World Bank HQ (Board Room)
Technical Workshop | April 12 | 9:00-16:30 | Canadian Embassy (TBC)
The CPLC Secretariat has opened registration for the CPLC Fourth Annual High-Level Assembly and Technical Workshop. CPLC Partners are invited to participate in both. The High-Level Assembly and CPLC Technical Workshop will take place as part of the World Bank Group/International Monetary Fund Spring Meetings, and will bring together leaders from government, private sector, and civil society organizations.
Registration is required. Participants must also register for a Spring Meeting badge.
February 21, 2019 - Last week in New Delhi, India, the Carbon Pricing Leadership Coalition (CPLC), which is convened by the World Bank Group, organized the CPLC Research Conference—the world’s first international research conference on carbon pricing. Hosted in collaboration with The Energy and Resources Institute, the two-day event brought together over 30 researchers and 150 participants from a range of sectors, with special emphasis on drawing in young, emerging scholars and researchers from developing countries.
South Africa’s Parliament approved a carbon tax proposal on Tuesday, February 19th. To be signed into law, the legislation will now move to the Council of Provinces and then to President Cyril Ramaphosa. The tax is intended to become operational by June 1, 2019.
The findings, interpretations and conclusions expressed here do not necessarily reflect the views of the Carbon Pricing Leadership Coalition (CPLC). Many of the links on this blog will take you to sites operated by third parties. CPLC cannot guarantee the accuracy or reliability of any information, data, opinions, advice or statements meant on these sites.